A decline in revenue at its Macau property hit Wynn Resorts’ third-quarter results but the casino operator’s income was up on the previous year.

Wynn Resorts

Net revenues for the three months to September 30 were $1.37bn, down from $1.39bn in the same period last year.

This fall was attributed to a 5.6 per cent drop in revenue from its Macau operations, although this was partially offset by a nine per cent rise in revenues from its Las Vegas business.

Wynn’s income for the quarter was up from $182m in the same quarter in 2013 to $191.4m, however.

The company is currently building Wynn Palace, an integrated casino resort in the Cotai area of Macau that is scheduled to open in 2016. The total budget for the project is $4.1bn.

During the third quarter of the year, the company invested $301.1m in the project, taking the total investment to date to $1.4bn.